Gustavo Petro, Candidate for the Presidency, has confirmed the advantages that have been evident in the polls over the past several weeks.<br/><br/>(Position of candidates in the Historic Pact on Pensions and inflation).<br/><br/>The election was won by Bogota's previous mayor and senator from the Republic. This officially qualifies him for the presidency of the Republic the office he aspirates to for the 3rd time.<br/><br/>He's the most representative figure in Colombian left and a strong candidate for president, despite his controversial ideas and proposals on many aspects, including economic.<br/><br/><iframe src="" width="560" height="315" frameborder="0" allowfullscreen></iframe><br/><a href=""></a> Petro has said that he intends to adjust the pension scheme through the creation of an official manager for pension funds. This will allow for an "mixed system" of private and public funds.<br/><br/>The candidate claimed that Colombia does not have a retirement system, instead it's a system that makes bank profits. Many believe that this would stop his from being President. Petro recently said that while the pension system would not be eliminated, he would seek reforms regarding pensions in order to guarantee a minimum retirement age for Colombians. He has also said there's "no need" to increase the age of retirement.<br/><br/>(Who comprise the Historic Pact candidates list?<br/><br/>Another of his controversial issues is that he has repeatedly stated that he would end oil extraction the day he takes office as President, a situation that has caused a lot of uncertainty among investors and the market in general.<br/><br/>The experts estimate that Petro's proposal to end oil exploration would cost Colombia about $4.3 billion.<br/><br/>The proposal also calls for the creation of an anti-oil front throughout the region and across the globe which will assist in moving the economy away fossil fuels. <a href=""></a> I would invite Gabriel Boric, the new Chilean president, and Luiz Inacio Lula Da Silva Luiz Inacio Da Silva, the Brazilian vice president.<br/><br/>Petro said he recently spoke with the Premier Minister of Spain, Pedro Sanchez, about his plan.<br/><br/>His position on health issues is also controversial. <a href=""></a> He insists on ending EPS and replacing it by an preventive model of healthcare that "guarantees individual rights, not bankers' profit."<br/><br/>He also questioned the independence of Banco de la Republica, and announced that he will also revamp the institution in the event of becoming President.<br/><br/>Petro claims that the Bank's Board of Directors is part of a political organization known as the Democratic Center. <a href=""></a> Therefore, Petro claims, "What we want" is an independent Bank of the Republic (...). <a href=""></a> The candidate said this in the middle of an argument.<br/><br/><a href=""></a> <a href="">Gustavo Petro</a> Invamer says Petro leads the presidential election in voting intentions.<br/><br/>It was controversial that he suggested issuing cash to fund government spending.<br/><br/>Petro's ideas include an economy that is not dependent on mining and extraction of hydrocarbons as well as a stronger agricultural role.<br/><br/>It is also stated that he would bring about a tax change which would end exemptions, and convert minimum wage concepts into real wage rates based on capital and income.<br/>

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